Uber aims at a million rides a month in India, gets funds from Tata Group

An employee works inside the office of U.S. online cab-hailing company Uber, on the outskirts of New Delhi, India, April 24, 2015.

/Anindito Mukherjee

Taxi hailing service Uber Technologies Inc [UBER.UL] has received fresh investment from Tata Opportunities Fund, a private equity fund advised by India's Tata Capital, as it expands its business, the companies said.The companies did not disclose the amount of investment but a source close to the matter said it was between $75 million and $100 million. Uber is also planning to increase the number of rides in the country to more than a million per month in the next six to nine months, the company's India president, Amit Jain, told . Industry sources said the company was averaging about 200,000 trips a month in India currently. (Reporting by Nivedita Bhattacharjee in Mumbai; Editing by Anupama Dwivedi)